Monday October 7, 2024
The World Economic Forum sees the need for global regulators to establish sandboxes for DeFi development.
◾ The G7 committed to “vigorous and timely antitrust enforcement to safeguard fair competition in digital markets and AI.” (Agcm.it)
◾ The World Economic Forum recommends that regulators establish sandboxes to support DeFi innovations. (Weforum.org)
◾ The UAE is exempting virtual asset transaction from paying a value added tax. (Tax.gov.ae)
Government & NGO Actions
◾ The Department of Homeland Security reports it has disrupted over 500 ransomware attacks and seized billions of dollars in digital assets since 2021. (Bloomberg)
Financial Notices & Public Company Releases
◾ Tencent $TCEHY and the family that founded Ubisoft $UBSFY are considering a buyout of the French video game publisher. (Bloomberg)
◾ Coinbase $COIN plans to delist all unauthorized stablecoins from its European platform by the end of the year. (Bloomberg)
◾ Japan’s Metaplanet purchased another 108 bitcoin ($6.6 million). (Metaplanet)
◾ Digital asset manager Bitwise is combining three of its futures-based ETFs into a single bitcoin – treasury fund. (Sec.gov)
◾ IREN $IREN minded 347 bitcoin (16.5 EH/s) in September. (IrisEnergy)
◾ TeraWulf $WULF produced 176 bitcoin in September, with an average operate hash rate of 8.2 EH/s. (GlobeNewswire)
◾ DMG Blockchain $DMGI mined 23 bitcoin with a hash rate of 1.1EH/s in September. (GlobeNewswire)
◾ Grayscale rebalanced its multi-asset funds to end the third quarter but did not add or remove any tokens from DeFi fund $DEFG or Large Cap Fund $GDLC. (GlobeNewswire)
◾ Bitfarms $BITF restated its existing ATM share offering. (GlobeNewswire)
Restructuring, Hacks, Losses & Legal News
◾ The Department of Justice sentence the founder of the IcomTech crypto Ponzi scheme to 121 months in prison. (Justice.gov)
◾ Vietnamese police disrupted a pig harvesting scheme that stole hundreds of thousands of dollars by getting people to invest in fake digital currencies. (Thanhnien.vn)
◾ The US government sized $2.7 million in two different actions from accounts related to North Korea’s Lazarus hacking group. (BeInCrypto)
◾ Hackers took possession of Lego’s X account and posted an announcement about a fake LEGO Coin. (X)
AI Announcements
◾ Meta $META introduced a new AI model that can create 16 second video and audio clips. (Variety)
Protocols, Applications & Business News
◾ Anduro is launching Avant, a platform to issue real-world assets (RWA), and announced its first pilot will tokenize whiskey barrels. (Anduro)
◾ In celebration of its tenth anniversary, Tether announced plans to release a documentary on leading stablecoin. (X)
Market Data
◾ Bitcoin’s mining difficulty is expected to rise by 3.5% tomorrow, following a 4.6% drop in the previous two-week period. (BTC.com)
◾ Crypto firms have spent £130 million ($170 million) on sponsorship deals for the Premier League 2024/25 season. (Bloomberg)